SPX 0DTE Options Trade Plan 2025-06-17

Join our Discord channel for live trading signals and discussions:

SPX 0DTE Analysis Summary (2025-06-17)

Comprehensive Summary of Key Points:

Technical Analysis:

1-Minute Chart: SPX at $6013.07 is below all key moving averages, indicating immediate bearish momentum. 5-Minute Chart: Strong bearish alignment with the price below its short-term averages. RSI at 39.48 suggests sellers are firmly in control. Daily Chart: A long-term bullish trend is showing signs of weakness, as the momentum is declining, creating a mixed picture overall. Market Sentiment:

Elevated volatility indicated by a VIX of 19.27 and negative news surrounding disappointing retail sales acts as a catalyst for bearish sentiment, reinforcing the technical indicators favoring downside moves. Options Data:

Imbalance in put options with significant volume around $5990 and $6000 strikes suggest increased bearish positioning among traders. The max pain level is at $6020, which could serve as a psychological barrier, but bearish pressures are likely to dominate today.